On July 31 this year, overall domestic inventories of the five main finished steel products in 21 major cities in China totaled 9.41 million mt, up 90,000 mt or 1.0 percent compared to July 20, as announced by the China Iron and Steel Association (CISA).
In particular, as of July 31, domestic inventory of hot rolled coil (HRC) and common steel plate amounted to 1.98 million mt and 0.95 million mt, down 1.0 percent and 2.1 percent, while inventory of cold rolled coil (CRC), wire rod and rebar totaled 1.25 million mt, 0.88 million mt and 4.35 million mt, up 0.8 percent, 1.1 percent and 2.6 percent, respectively, all compared to July 20.